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Agriculture Today

Texas Cash Market recap, Jan. 21




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February 1, 2012 | 4176 views | Post a comment

AUSTIN -- For the week ending Jan. 21, feeder cattle prices at the Texas locations covered by the U.S. Department of Agriculture (USDA) Market News were mostly steady to $4 higher per hundredweight. Texas direct feeder cattle sales were steady to $2 higher, with a few up to $5 higher. Oklahoma City was mostly steady on feeder cattle; steady to $2 lower on steer calves; and steady to $2 higher on heifer calves. Buyers continue to actively pursue available cattle, with prices mostly steady to higher across the region. However, reports also noted that the rate of increase has slowed somewhat. Fed cattle cash prices were $3 higher in spite of lower beef prices and tight packer margins.  . . .

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